PetroChina (PTR) Downgraded by Macquarie to “Neutral”
Macquarie cut shares of PetroChina (NYSE:PTR) from an outperform rating to a neutral rating in a report released on Tuesday morning, Marketbeat.com reports.
A number of other research firms also recently issued reports on PTR. Zacks Investment Research downgraded shares of PetroChina from a buy rating to a hold rating in a research note on Monday. Morgan Stanley downgraded shares of PetroChina from an overweight rating to an equal weight rating in a research note on Tuesday, January 2nd. Finally, Nomura initiated coverage on shares of PetroChina in a research note on Wednesday, December 6th. They set a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. PetroChina has a consensus rating of Hold and a consensus target price of $83.00.
PetroChina (NYSE:PTR) traded up $1.87 during midday trading on Tuesday, hitting $76.27. 111,700 shares of the stock were exchanged, compared to its average volume of 136,875. The company has a current ratio of 0.79, a quick ratio of 0.56 and a debt-to-equity ratio of 0.22. PetroChina has a 1 year low of $60.69 and a 1 year high of $81.80. The company has a market capitalization of $235,020.00, a P/E ratio of 38.72 and a beta of 1.27.
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PetroChina Company Profile
PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas.
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